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Markets Pulse

European Stocks Nudge Down on Spain’s Bond Sale, Euro Zone Sales

Euro Stoxx 50 is up 0.3% at 2598.19, nudging down after the Spanish bond auction of EUR4.25 billion of three existing lines. Newedge notes that the amount is a touch below the maximum target of EUR4.5 billion. A trader says overall the auction is being regarded as weak, largely due to the richness of prices and the size of the issuance. Also, euro-zone retail sales leave little to cheer about, indicating their largest fall on the year since May 2009. On the Euro Stoxx 50, Nokia is still the biggest gainer, up 6.1% after it introduces its new Nokia Lumia 620. Unibail-Rodamco is down 1.5% after being downgraded by Morgan Stanley. andrea.tryphonides@dowjones.com Twitter: @ATryphonides)